India has agreed with the United States the conditions for the purchase of oil from Iran, bypassing the US sanctions

 The United States and India have agreed on the basic conditions for granting India permission to continue to purchase oil from Iran, bypassing the US sanctions, which will come into force in November. This writes the Indian business publication Economic Times, citing informed sources.
Earlier, India decided to reduce imports from Iran by about a third in the 2018-2019 fingodu, ending March 31.
According to sources of the publication, an official announcement should be expected in the coming days.


The US plans no later than November 4 to put into effect the second round of anti-Iran sanctions, which will mainly concern the fuel and energy complex and transactions of the Iranian Central Bank. Earlier, Washington insisted that all countries should reduce oil imports from Iran to zero. But now, it seems, the position has softened somewhat.
A number of countries "will not be able to immediately reduce purchases to zero" after the entry of US sanctions against Iran into force, said the US presidential adviser on national security, John Bolton, at an event in Washington on Wednesday.
“We want to achieve maximum pressure (on Iran - IF), but we don’t want to harm our friends and allies. We are working on it,” Bloomberg quoted him as saying. Bolton answered the question of whether the United States would impose sanctions on India, Russia, Turkey and other countries, if they did not stop buying Iranian oil.
Last week, the head of Rosneft, Igor Sechin, admitted that some “US partners” could get exceptions from the sanctions. "In ten days we will see sanctions against Iran, although, judging by the dynamics of the oil market, I can’t exclude that the administration of sanctions will include a number of exceptions for certain US partners," he said during the forum in Verona.
The head of BP, Robert Dudley, also noted at the same forum that the extent of the impact of US sanctions on Iran is still unclear, since someone may receive exceptions.
Recently, statements regarding the extent of the impact of US sanctions on Iran of ministers of the largest oil-producing countries, in particular, Russia, have also been cautious. "What amount will go away will depend not only on Iran and the United States, which may impose sanctions, but also on consumers and on those who today are importers of Iranian oil," said Russian Energy Minister Alexander Novak in early October.
"We do not fully understand how consumers in the Asia-Pacific region will behave, whether China will continue to buy Iranian oil, or, conversely, it will buy more and redirect oil flows in its favor," the minister said.
European countries reported that they were discussing a financial mechanism that would help circumvent US sanctions against Iran.